GM 🙌
#Solana based apps notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania.
Solana-based automatic market maker @Raydium notched a record $11.31 million in fees on Nov. 17, while the liquid staking protocol @Jito saw its third-highest day of fees at $9.87 million on the same day, per @DefiLlama
Meanwhile, the memecoin launchpad pump.fun saw its seventh-highest day of earnings, netting $1.65 million in fees.
A memecoin based on a squirrel called Peanut ( $PNUT ) rallied over 2,700% in the last fortnight to reach a peak value of $2.4 billion on Nov. 14, as Elon Musk shilled the token several times on X alongside the launch of the Department of Government Efficiency.
The record fees for several Solana protocols come amid a frenzy of speculation on memecoins and a major price move for the native Solana token.
Is $SOL new ATH incoming? 👀